Blood Street Associates

“Ennomotive” collaborate in searching for profitable solutions to monitoring of the batteries of the Solar Home Systems.

America’s future prosperity depends on our capacity to innovate.

On October 21, 2015, President Obama issued an updated version of the Strategy for American Innovation. A key element of this strategy is a using open innovation and public participation to improve America’s economic growth and international competitiveness. Open innovation—which includes approaches such as incentive prizes, crowdsourcing, and citizen science—harnesses the expertise, ingenuity, and creativity of Americans, engaging them as strategic partners in addressing some of the country’s most pressing challenges. These efforts are premised on Joy’s Law, the principle that “No matter who you are, most of the smartest people work for someone else.”

https://www.whitehouse.gov/blog/2015/10/22/building-momentum-open-innovation

“Diego Delso, Wikimedia Commons, License CC-BY-SA 3.0“

The open innovation movement is in full swing, and companies everywhere are turning to external sources for new product ideas. But with open innovation becoming a standard business model, how can a company truly gain a competitive advantage? More specifically, where can it look for new products that no one else has thought to look?

http://www.information-age.com/it-management/strategy-and-innovation/123460335/how-use-open-innovation-find-new-products

The world needs a workforce of skilled science and technology innovators to address the most pressing global challenges of the coming century, including climate change, food shortages, increases in chronic diseases, energy shortages, and more. In the U.S. alone, it is estimated that by 2018, some 75% of occupations will be middle- or high-skilled, with the majority of these jobs requiring an education in STEM subjects. And yet, students are dropping out of STEM at alarming rates, in the U.S. and in countries the world over, from China to South Africa, due to lack of engagement. This “STEM paradox” was the subject of a white paper put out by The New York Academy of Sciences last year.

http://www.nyas.org/AboutUs/MediaRelations/Detail.aspx?cid=b042bf64-2ff5-4a27-a095-218eea6b64ad